PepsiCo revenue is on the rise

Published 07-10-2018

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PURCHASE, N.Y. (AP) – PepsiCo is reporting strong earnings for the second quarter and rising revenue.

The company earned $1.82 billion, or $1.28 per share. Adjusted for one-time gains and costs, per-share earnings were $1.61. That, according to a poll by Zacks Investment Research, 10 cents better than Wall Street had expected.

Revenue at the Purchase, New York beverage and snack maker was $16.09 billion, up by 2.4 percent, but just shy of most projections.

PepsiCo expects full-year earnings to be $5.70 per share.

Shares PepsiCo Inc. rose 1 percent before the opening bell Tuesday.

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Portions of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEP at https://www.zacks.com/ap/PEP

Portions of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEP at https://www.zacks.com/ap/PEP

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FILE- In this May 7, 2018, file photo, cans of Pepsi are displayed in New York. PepsiCo Inc. reports earns on Tuesday, July 10. (AP Photo/Mark Lennihan, File) - The Associated Press


FILE- In this May 7, 2018, file photo a delivery man unloads cases of soft drinks from a Pepsi truck in New York. PepsiCo Inc. reports earns on Tuesday, July 10. (AP Photo/Mark Lennihan, File) - The Associated Press